Q10 In some previous territories (Brunei) officers had the right to full compensation (not half (or less) you are
proposing) and yet had good guarantees of future employment.
Why are HMG not offering this?
A10 Brunei an exception. In most other territories the expectation was that service by HMOCS officers would be terminated soon after independence [??]
Q11 Your position on sterling safeguards?
A11 The traditional practice upon constitutional change has been for HMOCS officers to receive, on independence, a commitment by the successor Government to safeguard the sterling value of their pensions. This is because many officers retire to the UK. The UK Government and the Hong Kong Government have been considering what if any arrangements might be appropriate to be made in the circumstances of Hong Kong. One option under examination has been possible private sector schemes, in cooperation with the HKG, which could provide a measure of reassurance to officers who choose to take part in them. No decisions
have yet been taken.
Q12 Position on improvements to SPOS?
A12 We have received a number of representations from retired HMOCS officers and the Overseas Service Pensioners
Association about the operation of SPOS. We are considering whether any amendment to the operation of the rules for calculating it would be appropriate.
REGABY/3
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